GALAXY Unit 6 Economy Vocab Review

By Ms. Rose 🌹

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Unit 6 Test Asia REVIEW

GALAXY

02/10

Specialization

Entrepreneurship

When a country doesn't have a quality public education system, it will most likely experience a lack of what in that country?

Consumer Choice

01/10

people rely on subsistence farming

a high rate of taxation

What does it mean to have a PURE MARKET ECONOMY?

a lack of government regulations

04/10

They make business more efficient

They lead to lower unemployment rates

How do investments in capital goods help a country increase its gross domestic products?

They improve the skills of employees

03/10

Literacy rate doesn't effect anything

A lower standard of living

When a country has a high literacy rate, they will most likely also have a what?

A higher standard of living

They struggle to develop economically

They invest in human capital

What is usually true about countries that have a low literacy rate?

They have low levels of international trade.

05/10

North Korea

Japan

What is the 7th largest country in the world?

India

06/10

a country that has the same exports as them

a country that has what your country lacks yet need

If your country produces a bunch of one product, then you should trade with...

a country that's their BFF

07/10

Placing an EMBARGO on ALL trade with them

Reducing stuff we buy from them

One way countries could pressure North Korea into changing its politcal ways would be to put pressure on their economy and leaders by....

Increasing tariffs of their exports

10/10

01/10

Burning biomass fuel

Agriculture methane emissions

Which is NOT a big contributor, or creator, to greenhouse gas emissions in India

Nuclear Power Plants

Anything the consumer wants

Traditions from ancestors

What determines the 3 basic economic questions in a MIXED economy?

Market forces and gov. interest

09/10

South Korea

North Korea

Which country has really close to a pure COMMAND economy? 3% on the Economic Continuum

India

08/10

01/10

China doesn't care about the value of the yen

China discourages trade

How does the value of the yuan (yen-Chinese currency) affect trade?

China has to control the yuan's value

01/10

Irrigation has rediced the water level in the river

Clearing land for farming has caused acid rain

How has agriculture and farms ruined the Chang Jiang river's water quality?

The fertilizers used by farmers contaminate the river

03/10

Reduce automobile traffic

Limit commercial fishing

How can the Chinese government deal with its pollution of the Chang Jiang also known as the Yangtze river?

Regulate or Control the factory/industrial emissions(pollution)

Restrict the sale of seafood to other countries

Restrict fishing to protect their food source

Japan is a chain of islands and has little arable land. They need to do what to make that chedda' $

Rely on the ocean for resources

09/10

My hair will turn RED!

My hair will turn black!

If you don't make an A after studynig this game...

My hair will turn grey!

10/10

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Made by Ms. Rose 🌹

This was an ECONOMICS review that will help you with Unit 6 .

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